REG - Ascent Resources PLC - Grant of Share Options and PDMR Notification

Ascent ResourcesAnnouncement

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RNS Number : 7888W  Ascent Resources PLC  16 March 2026

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TOWARDS THE END OF THIS ANNOUNCEMENT.

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION
(EU) 596/2014 AS IT FORMS PART OF DOMESTIC LAW IN THE UNITED KINGDOM BY
VIRTUE OF THE EU (WITHDRAWAL) ACT 2018 ("MAR"). UPON THE PUBLICATION OF THIS
ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS
NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

16 March 2026

Ascent Resources plc

("Ascent" or the "Company")

Grant of Share Options / PDMR Notification

Ascent Resources Plc (LON: AST), the onshore US focused oil and gas company,
announces that it has granted options over a total of 30,000,000 ordinary
shares of £0.005 each in the Company ("Ordinary Shares"), including 15
million to the Non Executive Chairman and 15 million to a Non Executive
Director, under individual share option agreements.

The options have an exercise price of 0.65 pence per Ordinary Share and will
vest in three approximately equal tranches on 12 March 2027, 12 March 2028 and
12 March 2029, subject to continued service (or accelerated vesting in the
case of a good leaver cessation, including death). Each tranche has an
exercise period of five years from its vesting date.

The options are not subject to performance conditions beyond continued
service, but have an exercise price at a premium to the current share price
which aligns the interests of the directors with those of shareholders as the
share price is likely to be a proxy for operational performance.

Notifications have been made in accordance with the requirements of the UK
Market Abuse Regulation and are set out below.

Enquiries:

 Ascent Resources plc                      info3@ascentresources.co.uk

 Jean-Michel Doublet
 Zeus, Nominated Adviser & Broker          0203 829 5000

 James Joyce / James Bavister
 Fortified Securities, Joint-Broker        0203 411 7773

 Guy Wheatley
 Shard Capital Partners LLP, Joint-Broker  0207 186 9952

 Damon Heath

 

 1                                   Details of the person discharging managerial responsibilities / person closely
                                     associated
 a)                                  Name                                              Jean-Michel Doublet

 2                                   Reason for the notification
 a)                                  Position/status

                                                                                       Non Executive Chairman

 b)                                  Initial notification/Amendment                    Initial Notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                            Ascent Resources plc
 b)  LEI                                                             213800Q8R5GV7DLNEL37
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument     Ordinary shares of £0.005 each
     Identification code                                             GB00BJVH7905
 b)  Nature of the transaction                                       Award of Options
 c)  Price(s) and volumes(s)                                         Price(s)                            Volume(s)
                                     £0.0065                                           15,000,000

 d)  Aggregated information                                          N/A
     Aggregated volume                                               N/A
     Price                                                           N/A
 e)  Date of the transaction                                         13 March 2026
 f)  Place of the transaction                                        Outside of a trading venue

 

 1                                   Details of the person discharging managerial responsibilities / person closely
                                     associated
 a)                                  Name                                              Edouard Etienvre

 2                                   Reason for the notification
 a)                                  Position/status

                                                                                       Non Executive Director

 b)                                  Initial notification/Amendment                    Initial Notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                            Ascent Resources plc
 b)  LEI                                                             213800Q8R5GV7DLNEL37
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument     Ordinary shares of £0.005 each
     Identification code                                             GB00BJVH7905
 b)  Nature of the transaction                                       Award of Options
 c)  Price(s) and volumes(s)                                         Price(s)                            Volume(s)
                                     £0.0065                                           15,000,000

 d)  Aggregated information                                          N/A
     Aggregated volume                                               N/A
     Price                                                           N/A
 e)  Date of the transaction                                         13 March 2026
 f)  Place of the transaction                                        Outside of a trading venue

 

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